CBN Offloads $30m To Banks To Back Naira

The Central Bank of Nigeria (CBN) recently took steps to support the naira by selling $30 million in foreign exchange (FX) to authorized banks at a reduced rate. This was the second FX auction this week, bringing total sales for the week to $77 million. Despite these interventions, the amount remains too low to significantly … Continue reading CBN Offloads $30m To Banks To Back Naira